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Gold/Mining/Energy : 1 Million oz. and up. -- Ignore unavailable to you. Want to Upgrade?

To: KMT who wrote (106)	5/5/1998 12:42:00 PM
From: GM	Respond to of 144

Panther Resources Ltd. (PTHR NASD BB) news... Here is todays news release from Panther Resources. Panther's Website is pthr.com May 5, 1998 PANTHER RESOURCES ANNOUNCES: Panther and Minera Humaya to Restructure Agreement Gordon Muir, CEO and Chairman of Panther Resources, Ltd. is pleased to announce that the company has signed an agreement under which the parties will change the payment terms for Minera Humaya. All payments from the previous agreement have been deferred until counsel and the Directors of the companies have ratified the terms of a new agreement. The company reports that any terms of the new agreement will be more favorable for Panther Resources. These terms and conditions will be released as soon as they are available for dissemination. Mr. Guinea, President of Minera Humaya, is very pleased with the results from the last month of exploration of the La Verde property by Panther Resources. In fact, in light of the new agreement Mr. Guinea wishes to speed up the delineation of the ore reserves and has agreed, at his expense, to start 4 separate crosscuts from 2 levels. The company is very pleased with this proposal, as it will save the company time and money. At a potential 8 meters per day from these four drifts there is a substantial savings to the company and for our shareholders of more than $60,000 USD per month. Significant new assays continue to verify the potential of the property and reserve potential. The following 3 blasts of approximately 1.8 m each in level 3, crosscut # 41-A have the following results for a total distance of 5.4 m into the unmined fault offset of the La Verde ore beds. Ag/gt 111 - 175 - 234 % Cu .5 - .5 - .32 The rest of the release can be seen at pthr.com Have a great day